Topic: Why is bitcoin worth so much ? - page 3. (Read 947 times)
The price of bitcoin is most likely the specificity of this cryptocurrency.
Bitcoin is valuable because of higher trust and demand. It was the first popular digital currency that attract more people to patronized and now the usage of this coin continue increasing and bitcoin adoption continue growing. It has a limited supply that make it's value increase. Even though sometimes it go down but after a while it will go up again. It was already used as payment method,which is a great help specially this time of pandemic to avoid going out just to pay bills.
Being the first to hype and be supported by big investors bitcoin gained the trust that's why it's worth more than any other crypto,
The fact that alts was created after because of bitcoin success from the market, until today alts market still relied with how bitcoin
moves.
Another thing is the volatile condition where traders and investors are playing catch and go to take advantages in any possibilities
of earning from this business.
If asked to me why bitcoin is very valuable compared to other cryptocurrency or gold. To be honest, I can't either give a strong reason,
but in my hunch the possibility of bitcoin is the first cryptocurrency. Become better known and trusted, then bitcoin is also purely
decentralized. This might make bitcoin demand high, and become a symbol of resistance to monopoly paper money. Therefore bitcoin
has fanatical supporters in my opinion.
but in my hunch the possibility of bitcoin is the first cryptocurrency. Become better known and trusted, then bitcoin is also purely
decentralized. This might make bitcoin demand high, and become a symbol of resistance to monopoly paper money. Therefore bitcoin
has fanatical supporters in my opinion.
You can't compare Bitcoin with Ethereum, because they are as different as chalk and cheese. Bitcoin was invented by Satoshi Nakamoto and he never tried to profit from his invention. So there was no premine for Bitcoin. Till date, no one has performed a 51% attack to reverse any transaction in the Bitcoin Blockchain. On the other hand, there was a 60% premine for Ethereum. And during the DAO attack the transaction was revered by the community by performing a 51% attack.
Bitcoin is valuable because of higher trust and demand. It was the first popular digital currency that attract more people to patronized and now the usage of this coin continue increasing and bitcoin adoption continue growing. It has a limited supply that make it's value increase. Even though sometimes it go down but after a while it will go up again. It was already used as payment method,which is a great help specially this time of pandemic to avoid going out just to pay bills.
I believe that bitcoin is so valuable because it was the first crypto currency to reach a broad acceptance any across many different countries. Today we can use bitcoins to pay for service and goods in many sectors. And for any new crypto currency to join the market it will always be measured relatively to bitcoins. It's like with many other things, if you are among the first and succeed in making it big with a lot people using your product, you will be winner.
There is nothing wrong with alternative crypto currencies but it's all about bitcoins. Just check the name of the forum, which is for many more things than only bitcoins.
There is nothing wrong with alternative crypto currencies but it's all about bitcoins. Just check the name of the forum, which is for many more things than only bitcoins.
In my opinion, bitcoin is the top currency and the first digital currency that ever published on the internet and many people adopted it first and foremost by people who wanted an alternative ways of sending and receiving payments online because its a decentralized technology. Many coins and altcoins look up to bitcoin and serves as role model to all crypto assets out there in the market and wanted to be like bitcoin as the most popular of all.
The reason why I think Bitcoin is worth so much is because of the fact that it is the first decentralized cryptocurrency which was already on the internet for about 11 years already. The legacy it makes is one of the factors why Bitcoin is still on top.
Bitcoin has so much value compared to other cryptocurrencies, that is why most of the people are using that kind of cryptocurrency, it is the very first successful cryptocurrency until now to the point that it reaches $19000 way back 2017. Bitcoin builds so many dreams of every people that use it, the volatility of makes it so great because we can do investing and trading which makes us earn more money especially if we are really good at doing both things, the profit that you can earn from bitcoin when you invest is really big difference compared to other cryptocurrencies because the value of bitcoin has big difference compared to others as well.
Bitcoin has a high fee compared to other cryptocurrencies because it has more value, which is pretty normal if you want to lessen the fee then just convert it to other cryptocurrencies.
Bitcoin has a high fee compared to other cryptocurrencies because it has more value, which is pretty normal if you want to lessen the fee then just convert it to other cryptocurrencies.
Bitcoin is the father of every currency in the crypto market Other currencies depend on Bitcoin Bitcoin is not controlled by anyone the price increases depending on the demand so the price of Bitcoin is much higher. Most people invest in Bitcoin because of the high profits You are right that Bitcoin will be further improved through acceptable currency and blockchain technology.
I think because btc is one of sample from blockchain technology that can't be interrupt by government especially. It has fix supply and by the time it will be mined. Btc is money people you know, this not require any personal document to make a transaction, no minimum age and yeah its acceptable currency for us.
Bitcoin is invaluable because it is the only leader in the crypto money markets and has 60-70% domination power in the crypto money markets. Also, the fact that today's age is known as digital gold adds value to Bitcoin. On the other hand, we can see that the price is constantly increasing with high demand due to its high earning potential. Bitcoin has become the market leader due to its strong advantages and its price has reached such valuable levels.
Its easy to understand: Bitcoin is the first cryptocurrency to be created and adapted by the people. It has proven its reputation for more than 10 years and the benefits which bitcoin há brought to us are undeniable. Moreover, whales and banks (also many governments) only trust bitcoin. Therefore, the price of bitcoin has been on top for many years. Maybe in the future, a new coin will rise and replace bitcoin crown but the process can take many years
Right now, if you have money, try to buy some bitcoin, it can make you rich
Right now, if you have money, try to buy some bitcoin, it can make you rich
many governments are allergic to bitcoin and banks as well but to whales no . many coins are also created and many people predicted that one of these coins can rise and take down bitcoin but none of it happen so i wont believe on it anymore if there were new claims in regards to that .
buying btc cant also make him rich instantly so dont say that if you dont want to get on trouble . bitcoin is worth it too much right now so buying it is hard too .
Bitcoin has built a strong foundation and it has gained the trust of a lot of people since it has shown huge potential and development through the years. That's actually the reason why it remains on top. Despite being the first cryptocurrency, it never failed most of its investors although the market is always unpredictable. No matter what the market situation is, Bitcoin will always be the most trusted coin.
Its easy to understand: Bitcoin is the first cryptocurrency to be created and adapted by the people. It has proven its reputation for more than 10 years and the benefits which bitcoin há brought to us are undeniable. Moreover, whales and banks (also many governments) only trust bitcoin. Therefore, the price of bitcoin has been on top for many years. Maybe in the future, a new coin will rise and replace bitcoin crown but the process can take many years
Right now, if you have money, try to buy some bitcoin, it can make you rich
Right now, if you have money, try to buy some bitcoin, it can make you rich
It's simple as because bitcoin was first. The popularity of bitcoin being the first cryptocurrency will drive more demand to the bitcoin itself.
And that is happening because of the law of supply and demand. We all know that bitcoin have limited supply so as time passes by the bitcoin demand is growing, so it will drive the bitcoin price to go up. The price that we are seeing right now is almost 11 years to make! Maybe in the future there's a coin that is going to surpass the bitcoin but for now, bitcoin is still fresh on the public so expect more demand and expect the price will still go up
And that is happening because of the law of supply and demand. We all know that bitcoin have limited supply so as time passes by the bitcoin demand is growing, so it will drive the bitcoin price to go up. The price that we are seeing right now is almost 11 years to make! Maybe in the future there's a coin that is going to surpass the bitcoin but for now, bitcoin is still fresh on the public so expect more demand and expect the price will still go up
Because btc was first. Its like question why apple devices cost so much. Status, brand, fanbase, etc
Quality is one of the best characteristics of bitcoin among other cryptocurrencies. It is faster and efficient to use in many transactions that's why many investors are risking their money because bitcoin is worth to invest. Since 2009, there are people who already trusted bitcoin as a digital currency even though it is not that popular enough to help it grow. That's what you need to know about bitcoin, you need to trust it because there is something more about its worth. Bitcoin will probably grow more in the near future because of the development in its mass adoption, many people are interested in knowing the worth of bitcoin in the market.
Bitcoin value is not do to technical reasons ... there are coins out there that have better technical ...
Because btc was first. Its like question why apple devices cost so much. Status, brand, fanbase, etc
Quality is one of the best characteristics of bitcoin among other cryptocurrencies. It is faster and efficient to use in many transactions that's why many investors are risking their money because bitcoin is worth to invest. Since 2009, there are people who already trusted bitcoin as a digital currency even though it is not that popular enough to help it grow. That's what you need to know about bitcoin, you need to trust it because there is something more about its worth. Bitcoin will probably grow more in the near future because of the development in its mass adoption, many people are interested in knowing the worth of bitcoin in the market.
Bitcoin is the most trustworthy cryptocurrency. It's limited, maybe it's the key feature.
Limited means it can increase its price from time to time. If miners are continuously mining a lot of bitcoin that it can go nearer to its total supply of 21 million bitcoin, then its price will really increase. Just like gold, it is a non-renewable source that's why it is important. Gold can also increase its price and is a good store of value, it is the same with bitcoin.
The reason why bitcoin is worth it so much is because it can give us huge profit. It is a best investment when we try to think of a good source of money, plus we can help its promotion by using it in the industry. Plus, there are a lot of bitcoin holders who found bitcoin as a legit and effective cryptocurrency to use.
What I find is that bitcoin is being manipulated. guys who have lots of money and come to the market early to buy lots of bitcoins and now they make their game. all volatility comes from people who make lots of money. they will constantly fomo about bitcoin and praise blockchain technology to attract more people and they will be even stronger because of wealth after manipulations.
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